Ispat fires 300 white-collar workers at Indiana plant

From: India Abroad | Date: October 16, 1998 | Copyright information


India Abroad

10-16-1998

Ispat fires 300 white-collar workers at Indiana plant

Ispat International N.V., owned by Laxmi Mittal, has fired more than 300 white-collar workers at what was Inland Steel Company, acquired by the London-based nonresident Indian (NRI) in July.

Ispat had acquired the Chicago-based Inland, one of America's biggest steel makers, for $1.43 billion.

Company sources said Ispat laid off 36 unionized employees last week at its...

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